On-Pack Recycling Labelling Solutions Market
Market Insights on On-Pack Recycling Labelling Solutions covering sales outlook, demand forecast & up-to-date key trends
On-Pack Recycling Labelling Solutions Market: Global Industry Analysis and Opportunity Assessment 2022-2032
On-Pack Recycling Labelling Solutions Market Outlook
The demand for on-pack recycling labelling solutions is expected to increase at a CAGR of 7% during the forecast period. The on-pack recycling labelling solutions market size is anticipated to rise from US$ 32,640 Mn in 2022, and it is anticipated to surpass US$ 64,200 Mn by 2032.
On-Pack Recycling Labelling Solutions Market Estimated Size (2022)
US$ 32,640 Mn
On-Pack Recycling Labelling Solutions Market CAGR (2022-2032)
On-Pack Recycling Labelling Solutions Market Forecasted Size (2032)
US$ 64,200 Mn
What is the Major Factor that Gave Rise to On-pack Recycling Labelling Solutions?
On-pack recycling labelling solutions use less energy and have a less negative impact on the environment. High carbon emissions in the environment are caused by the expanding usage of plastic packaging materials that are neither recyclable nor biodegradable. Therefore, large firms like Amazon, Google, and Tetrapak are attempting to attain net zero, which is likely to be capital-demanding, to decrease their carbon imprint on the environment.
On-pack recycling labelling solutions alternatives to items like plastic and Styrofoam use recyclable and biodegradable components. As a result, manufacturers are turning towards the extensive use of on-pack recycling labelling solutions, propelling the market growth.
Latest Trends in On-Pack Recycling Labelling Solutions Industry
On-pack recycling labelling solutions use eco-friendly materials such as bioplastics, recyclable paper and plastics, plant-based biomaterials, organic textiles, and repurposed goods. These products can readily replace conventional plastics and have less impact on the environment as they are simple to use and naturally biodegradable. These substances don't react with food, preventing contamination and other negative environmental impacts. These are the primary factors driving up the demand for on-pack recycling labelling solutions.
The on-pack recycling labelling solutions make it simple to deliver comfort food. They have been an enabling element that has motivated customers to switch to convenience meals. The market expansion of convenience foods has also been significantly supported by other forms of technology, such as transportation and communication. As a result, this is anticipated to benefit the growth of the on-pack recycling labelling solutions market during the projected period. Product safety and sustainability are the primary concerns of the majority of package makers.
Revenue Driving Opportunities for On-Pack Recycling Labelling Solutions Manufacturers
By using less packing material overall, several manufacturers of personal care goods are moving toward environmentally friendly options like on-pack recycling labelling solutions. Consumer awareness of a product's packaging's sustainability has contributed to the transformation. The excessive packaging of personal care products done for aesthetic rather than functional reasons has come under fire from many consumers. Thus, major companies in the on-pack recycling labelling solutions market have substituted paperboard packaging with thin plastic packaging when needed.
To lessen the influence on the environment and the ecological footprint of packaging, it is necessary to employ life cycle assessment and life cycle inventory more frequently. The interest in on-pack recycling labelling solutions has increased dramatically in recent years, especially among consumers. On-pack recycling labelling solutions have received a lot of attention since the Circular Economy idea has acquired major traction. Governments have also responded to public concerns over packaging waste, particularly single-use packaging waste, on every continent. To reduce environmental waste and enhance waste management procedures, rules are being implemented.
Globally, the governments are concernedabout environmental issues and taking serious steps to create an eco-friendly community. Recycling is one of the initiatives that governments across the world are focusing on to reuse the waste of materials, to cut the consumption offresh raw materials and to cut the pollution such as air and water.
Materials such as paper, glass, textiles, electronics and plastics are recyclable, and products that are madeout of such materials can berecycled according to the guidance provided by the manufacturer. Generally, companies across the world follow ISO standards for recycling their products. According to the materials used in the products, companies put recycling labels to give recycling directions to the consumers.
On-pack recycling labeling solutions are designed according to the government guidelines to help consumers to recycle the products.
On-Pack Recycling Labelling Solutions Market: Drivers and Challenges
Stringent government rules about usage of on-pack recycling labels on products are fueling the demand for on-pack recycling labelling solutions globally. The manufacturers these days are concernedabout their social-responsibility and to adhere to it, the manufacturers implementon-pack recycling labelling solutions, to promote the recycling of their products.
The expected growth in end-use industries such as Food & Beverage, Electrical and Electronics, etc. is expectedto propel the demand for on-pack recycling labelling solutions during the forecast period.
Lack of awareness about on-pack recycling labelling solutions in the emerging economies such as India and few ASEAN countries is inhibiting the growth for on-pack recycling labelling solutions.
On-Pack Recycling Labelling Market: Overview
The global on-pack recycling labelling market by volume is expected to expand at a CAGR of around 5-7% during the forecast period (2015-2025), due to increasing demand from various industries such as Food & Beverage, Electronics, Plastic, Glass, etc. and stringent government regulations.
On-Pack Recycling Labelling Market: Region-wise Outlook
The global on-pack recycling labelling market is expected to register a single-digit CAGR during the forecast period. Depending on geographic regions, global on-pack recycling market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa.
In terms of market revenue, Asia-Pacific on-pack recycling labelling market is projected to register a significant CAGR during the forecast period.Growth in end-use industries and increasing consumer base, are some of the factors which are fueling the growth of on-pack recycling labelling market in Asia-Pacific.
India and China are forecast to register a significant growth in the Asia-Pacific on-pack recycling labelling market, as consumer base in these countries is expected to continue its dominance during the forecast period.
Developed economies such as United Kingdom and United States of America are having high awareness about on-pack recycling labelling.
On-Pack Recycling Labelling Market: Key Players
Some of the key market participants in global on-pack recycling labelling market are Consolidated Label Co., Label Impressions, On-Pack Recycling Label, Woolworths, etc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments by geographies, by end-use industries process and by product raw materials.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
On-Pack Recycling Labelling Market: Segmentation
The on-pack recycling labelling market can be segmented by end-use industry, by product raw material and by regions.
Based on end-use industry, the global on-pack recycling labelling market is segmented as:
- Food and Beverages
- Electronics and Electrical
Based on product raw material, the global on-pack recycling labelling market is segmented as: